76ers owner Josh Harris said in October:
Has that changed?
This could explain the 76ers hiring Jerry Colangelo, who brings immediate credibility. But I’m not sure that’s what the team needs to complete a sale.
The 76ers play in a large market and have a low payroll and plenty of assets in the form of young players and draft picks. What more could a new owner looking to put his stamp on a team want?
Maybe they’d sell for more if they get better, but a blank slate holds appeal. A new owner could hit the ground running without first going through a teardown.
Forbes pegs Harris’ net worth at $2.3 billion and values the 76ers at $700 million. Neil deMause of Field of Schemes estimates an NFL expansion fee could be $2 billion. Flipping the 76ers could help Harris raise the funds for an NFL team.
Harris is on track to buy Crystal Palace, a London soccer team. Lawrence spins that as Harris’ attempt to enter and study the market.